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Feb 4, 2013 4:00am PST
. how the city clawed its way back on top. that's later. but first, why all the chatter about last year's jobs number? bill moller has answers, next. this neighborhood sure has changed a lot over the years. you know there was a time when people like me couldn't live here. i'll never forget being told i wasn't welcome in this neighborhood. well i own this building now, the fair housing act made a difference for someone like me. so i can choose where i want to live, free from discrimination. glad you could make it, right this way... it's all about the jobs. that's the key for a full, official recovery. the labor department's numbers came out friday for the first month of the new year as well as some revisions for the past 2 years. let's talk about it with brent schutte. he's the market strategist for bmo global asset management. 157,000 new private-sector jobs created. that's not where the buzz is, it's in the revisions, though. > > sure. the revisions did come out, and that is where all the buzz is. in fact, if you look last year, there were 335,000 more jobs that were added than origina
Feb 21, 2013 4:00am PST
the motor city's financial emergency. why the governor of michigan is stepping in to help detroit. in today's cover story, a look at a renewed push for automatic sprinkler systems in large buildings as the fight heads to congress. road block: the challenging task of fixing our nation's infrastructure. plus, go for the gold: what stars may be going home with oscar at this sunday's academy awards. a preview of the glitz and glam. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, february 21st. i'm angela miles. in today's first look: traders are on fed alert. traders shifted into sell-off mode yesterday. the dow is back below 14,000 and the s&p 500 had its worst day of the year. much of that had to do with a sign from the fed its bond buying program may be winding down. we'll take a closer look at the slides in gold and oil later in the show. and sony took the wraps off a new product last night: playstation 4. it's intended to compete against games on the web and mobile devices. and electri
Feb 19, 2013 4:00am PST
for donald trump's atlantic city casino. trump plaza was recently sold to a california company for $20 million. it's the lowest price ever paid for a casino in the jersey gambling mecca. reports say trump entertianment resorts is $270 million dollars in debt. the donald has a 10% stake in the company. in our cover story, makers of electric and hybrid vehicles got a boost from one of their own, a solar energy systems ceo who organized a road rally in chicago. more than a dozen alternative fuel cars and one produce truck re-enacted an 1895 road rally through chicago and north suburban evanston - a rally inspired by david funcheon, whose company builds solar thermal electric systems. "if i can't get people behind alternative energy cars, i can't get them interested in solar thermal systems." the rally, just 50 miles - barely into downtown chicago's closest northern suburb, was more parade than race. on a 25- degree day about 50 onlookers braved a sharp wind off the lake. fisker led at the half- way point, where someone asked evanston's mayor if the city's fleet was going green. "we've pur
Feb 25, 2013 4:00am PST
the motor city. although it's reported several people are declining the job before its even available. detroit is struggling under $327 million dollars of debt, a declining popultion declines, and retirement fund that's short $14 billion so far, the mayor has proposed reforms for the city. and, the governor has said no to a bailout. lawmakers are making strides on a bill for immigration reform. the team of eight bipartisan lawmakers crafting the bill will gather this week. its follows a series of meetings between business and labor leaders.those groups have now outlined principles for how businesses will adapt to immigration changes. members agree that the country needs a new worker visa program.and also stressed the need to create a federal bureau to monitor labor needs within the u.s.while the meetings resulted in some solutions, lawmakers say more progress is needed. the u-s government is in the race for justice against lance armstrong. the department of justice joined a civil lawsuit to reclaim the $30 million it paid to sponsor armstrong's racing teams. the government could
Feb 8, 2013 4:00am PST
is right for commercial vehicles like the nv 200, built to manuver in congested cities. "the nv goes after the urban, owner-operated businesses. price range? $19,000 and up." ok. vans may not set your pulse racing like jaguar's new f-type convertable, which starts at $69,000, but hopes pinned on both seem to indicate that better times may not be far away. "it's jaguar's first roadster since 1972." > > who's it going to compete with? "porsche. it's priced 25% below a 911." if january is any indication, car and truck sales in the u.s. could be better than last year's numbers, and those were the highest in five years. last year, we spent a lot of time talking about evs - electric vehicles, hybrids and plug-ins. analysts say the buzz is a little less because those cars have become a part of the line-up. but fear of being stranded somewhere with no place to plug in is still a concern for consumers. the ntsb is out with its findings about boeing's battery trouble aboard its dreamliner. safety investigators are linking the fire to a short-circuit in a lithium ion battery. the battery caught fire
Feb 14, 2013 4:00am PST
, in miama, or chicago , or houston or la or any of the big cities, but we don't get mail for 5 or 6 days!" it's possile if congress doesn't act soon, the postal service may need a $45-billion taxpayer bailout by 2017. dutch bank "ing" is cutting jobs. the cuts will come from its retail sector due to the increase in mobile banking. 2400 people will lose their jobs. altogether, this year the bank has cut about 9% of its workforce, or 7500 people. internet banking has also taken off. last year, transactions online increased by 400%. jd power and associates is ranking the most reliable rides of 2013. topping this list, lexus, followed by porsch, lincoln, toyota, mercedes-benz, buick, honda, acura, ram and suzuki. the worst rankings go to jeep, mitsubishi, dodge and land rover. 37,000 car owners were questioned on topics from engine failure to electronic glitches. health officials are calling for stricter standards on sugary drinks. the center for science in the public interest is leading the movement, calling on the fda to lower the amount of sweeteners in popular sodas and juices. in years
Feb 13, 2013 4:00am PST
hubs in 15 cities, an energy policy that shifts cars off oil for good, and raising the minimum wage to $9.00 across the u-s with increases tied to the cost of living. "it could mean the difference between food bank and getting ahead." the president announced a bi- partisan commission to improve voting delays and made this vow about the war in afghanistan. "over the next year, 34,000 will come home and by the end of next year, our war with afghanistan will be over." the president ended with a plea to reform gun laws "gabby giffords deserves a vote. aurora, oak creek, (etc) deserve a simple vote." florida senator marco rubio provided a republican response. "obamacare is the reason companies 50 and larger aren't hiring. it's turning fulltime workers into part-time workers" observers say president obama has a limited window of opportunity to get it done. "simplify the tax code, certainty on that and spending that's what the economy needs." following the president's speech, senior white house advisors began a question and answer session via twitter, google-plus and's called
Feb 15, 2013 4:00am PST
-known globally, gains international destinations such as london and cities in latin america. both gain in the u.s. "american's got great postion in ny and miami. u.s. airways brings in charlotte, philadelphia national. it's going to be good for business travelers." if the merger is approved by anti-trust regulators, 86% of domestic flights would be handled by american and three other carriers: united, delta and southwest. already, analysts predict airfare will rise 5% across the board this year. some think the merger assures that beyond this year. "there will still be competition, but it does mean slightly higher fares." as for frequent flyers, miles on both carriers will be combined. but miles earned on u.s. airways, currently applied to united, will shift to american, but not right away. in fact, it may take seveal months before passengers see any significant effect. the merger still has be approved by federal anti-trust regulators, american's bankruptcy judge and shareholders of u.s. airways. carnival is working to get passengers home following a four-day cruise that turned into a more-than-
Feb 28, 2013 4:00am PST
of the sequester, and as many as a hundred control towers in smaller cities may be closed. and blistering criticism toward congress from the head of the nation's air traffic controllers. the national air traffic controllers' association says nationwide, the sequester would cut the number of takeoffs and landings managed by fewer controllers and "significantly affect" airports in new york, atlanta, dallas, houston, los angeles and chicago. along with regional airports such as rogers, arkansas, utilized by walmart, kraft, tyson and their vendors; and victoria, texas, used heavily by caterpillar and shell. natca president paul rinaldi criticized congress for "compromising the safety and efficiency of the nation's airspace." getting to the gate will take longer, too. at more than 450 airports around the country where transportation security officers screen nearly two million passengers a day, the head of the tsa warned that delays would be inevitable. "if it does go into effect, then the longer it goes, the greater potential impact it has for us." the tsa has had a hiring freeze for federal air marshal
Feb 11, 2013 4:00am PST
. that is where diesel really shines. if you are in a city environment just doing small little trips, electrified vehicles are going to be best for you. if you're out on the highway being the road warrior, then clean diesel is the step. so, from gm's perspective, it is all about providing that choice. take a hard look at what you're doing with your car - what kind of vehicle do you really need? - and then find the propulsion that meets that need. > all right, we have to run. good to have you both on the show today. > > thank you. > > thanks. coming up, stay with us as we connect with a trader's play in linkedin. andrew keene joins us now for chart talk to talk about linkedin. you are always looking for those parabolic stocks, and i think we found one. > > linkedin is quite amazing. they had earnings on friday. stock was off to the races. i like to use the at-the-money straddle to imply how much the option markets are implying the stock is going to move. the stock was trading around $124. i actually didn't have a position on it. i was trying to sell some bull put spreads i didn't get filled. that
Search Results 0 to 9 of about 10